PCC Earned Value Management Flashcards

Which EVM technique assigns earned value based on the percentage of work physically complete at the time of measurement?

Answer: Percent complete

The percent complete technique credits earned value proportional to the estimated percentage of work actually accomplished, requiring subjective assessment.

A Work Breakdown Structure (WBS) is foundational to EVM because it:

Answer: Decomposes project scope into measurable work packages for budget and schedule assignment

The WBS breaks total project scope into manageable work packages, which become the basis for assigning budgets and schedules required by EVM.

A project has EV = $400,000, AC = $380,000, and PV = $450,000. What does this data indicate?

Answer: The project is under budget but behind schedule

CV = EV − AC = +$20,000 (under budget); SV = EV − PV = −$50,000 (behind schedule), confirming the project is under budget but behind schedule.

The Performance Measurement Baseline (PMB) in EVM is:

Answer: The approved integrated scope, schedule, and cost plan against which project performance is measured

The PMB is the time-phased budget plan integrating scope, schedule, and cost that serves as the baseline for EVM performance measurement throughout the project.

Under ANSI/EIA-748 EVM guidelines, the Management Reserve (MR) is:

Answer: Held outside the PMB for unknown risks and authorized scope growth

Management Reserve is a budget held by management outside the PMB to address unknown-unknown risks and new authorized scope, not measurable under EVM until allocated.

Which formula represents the most common method of calculating Estimate at Completion (EAC) when current cost performance is expected to continue?

Answer: EAC = BAC / CPI

EAC = BAC / CPI assumes the cost performance index (CPI) achieved to date will continue for the remainder of the project, giving a realistic forecast.